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Long Beach, CA 90805,6508 Orange AVE
Long Beach, CA 90805,6508 Orange AVE
Long Beach, CA 90805,6508 Orange AVE
$1,685,000
Est. payment /mo
$1,715,000
1.7%
Est.Price: ?

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5,662 Sqft Lot
SOLD DATE : 09/26/2024

Key Details

Sold Price $1,685,000

Property Type Condo

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

Subdivision North Long Beach (Nlb)

MLS Listing ID PW24105603

Year Built 1960

Annual Tax Amount $22,397

Lot Size 5,662 Sqft

Property Description

Pleased to present 6508 Orange Avenue, a secure 8-unit apartment building in the heart of vibrant Long Beach, California. Built in 1960, the property consists exclusively of two-bedroom/one-bathroom units. For added comfort and convenience, the property features an on-site laundry facility as well as (4) off-street parking spaces for tenants to use. This apartment building offers residents easy access to an array of local amenities including shopping centers, restaurants, entertainment venues, and recreational parks. With convenient access to major transportation routes, commuting to other parts of the city is effortless.

Priced at $214,375/unit for this unit mix, this property is one of the more affordable deals on the market. Further, through modernization of the units and increases on current rent levels that are projected to be 53% below market, this property offers phenomenal value appreciation and exceptional future cash-on-cash returns.

Location

State CA

County Los Angeles

Area 7 - North Long Beach

Zoning LBR4N

Interior

Laundry Common Area

Exterior

Parking Features Assigned

Pool None

Community Features Curbs, Gutter(s), Sidewalks

Building

Lot Description Rectangular Lot

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Acceptable Financing Conventional, 1031 Exchange, Submit

Listing Terms Conventional, 1031 Exchange, Submit

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Rick Applebaum • Morgan Skenderian • rma@morganskenderian.com
Bought with Sam Sidhu • Rockview Inc.
Devone Richard

Broker | License ID: 1002115

+1(626) 500-1212 | devone@nextadvisors.properties

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